Brokerages expect Wintrust Financial Corp (NASDAQ:WTFC) to report sales of $374.44 million for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Wintrust Financial’s earnings, with the highest sales estimate coming in at $378.00 million and the lowest estimate coming in at $369.20 million. Wintrust Financial reported sales of $347.49 million in the same quarter last year, which suggests a positive year over year growth rate of 7.8%. The firm is scheduled to report its next quarterly earnings report on Wednesday, October 16th.
On average, analysts expect that Wintrust Financial will report full-year sales of $1.45 billion for the current year, with estimates ranging from $1.44 billion to $1.47 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.53 billion, with estimates ranging from $1.51 billion to $1.56 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Wintrust Financial.
Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Monday, July 15th. The bank reported $1.38 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.27). Wintrust Financial had a return on equity of 10.72% and a net margin of 20.60%. The business had revenue of $364.36 million during the quarter, compared to analysts’ expectations of $365.40 million. During the same period in the prior year, the firm posted $1.53 EPS.
In related news, Director Gary D. Sweeney acquired 747 shares of the firm’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average cost of $66.92 per share, for a total transaction of $49,989.24. Following the purchase, the director now owns 4,392 shares in the company, valued at approximately $293,912.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.58% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in shares of Wintrust Financial by 1.6% during the 1st quarter. BlackRock Inc. now owns 5,698,685 shares of the bank’s stock valued at $383,690,000 after purchasing an additional 91,339 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Wintrust Financial by 5.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,913,123 shares of the bank’s stock valued at $138,109,000 after purchasing an additional 92,437 shares during the period. Citadel Advisors LLC raised its stake in shares of Wintrust Financial by 1.3% during the 2nd quarter. Citadel Advisors LLC now owns 1,208,377 shares of the bank’s stock valued at $88,404,000 after purchasing an additional 15,942 shares during the period. FMR LLC raised its stake in shares of Wintrust Financial by 49.3% during the 1st quarter. FMR LLC now owns 988,775 shares of the bank’s stock valued at $66,574,000 after purchasing an additional 326,602 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Wintrust Financial by 89.2% during the 2nd quarter. Invesco Ltd. now owns 933,255 shares of the bank’s stock valued at $68,277,000 after purchasing an additional 439,875 shares during the period. Institutional investors own 88.40% of the company’s stock.
Shares of NASDAQ WTFC opened at $61.75 on Tuesday. Wintrust Financial has a one year low of $60.20 and a one year high of $91.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 0.99. The business’s fifty day moving average price is $67.64 and its 200-day moving average price is $71.27. The stock has a market capitalization of $3.62 billion, a PE ratio of 10.54, a P/E/G ratio of 0.77 and a beta of 1.04.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, August 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.62%. Wintrust Financial’s payout ratio is 17.06%.
About Wintrust Financial
Wintrust Financial Corporation operates as a financial holding company in the Chicago metropolitan area, southern Wisconsin, and northwest Indiana. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), Internet banking, and other services.
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